The U.S. is accelerating its cryptocurrency legislation, with a major bill on crypto market structure expected to be finalized within months, according to former House Financial Services Committee Chairman Patrick McHenry and White House advisor Patrick Witt. Speaking at the Ondo Summit in New York, McHenry indicated the bill could reach the president's desk by Memorial Day. The legislation aims to pass both the Senate and the House, with stablecoin yield issues being a key point of contention. White House-led meetings have reached consensus on some stablecoin topics, but debates continue over whether centralized exchanges should offer passive yields on stablecoin balances. McHenry highlighted the importance of DeFi in the legislative framework, citing its efficiency and cost advantages over traditional finance. The bill's progress marks a significant step in formalizing the U.S. crypto market structure.